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"The notion that every well educated person would have a mastery of at least the basic elements of the humanities, sciences, and social sciences is a far cry from the specialized education that most students today receive, particularly in the research universities."
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"The chance that you will become a master in something after the first attempt is neither here nor there. You don't get master's degree by attending school on the first day! Time will tell, so you got to persist!"
"Collegiate life presents a student with innumerable opportunities to engender personal growth by responding to a dynamic social, athletic, and academic environment. Students instigate personal development by making calculated and rash personal decisions pertaining to what activities to pursue and by measuring their string of reactions to new experiences."
"Education means nourishing the mind and make it develop in order to see beyond the limitations of current social perception - it means breaking the barriers of the rugged sociological system that impede in the progress of human civilization - it means trying out new things for the first time in human history and succeeding in a few while failing in some. And that is how a species grows to become more advanced."
"I spent three days a week for 10 years educating myself in the public library, and it's better than college. People should educate themselves - you can get a complete education for no money. At the end of 10 years, I had read every book in the library and I'd written a thousand stories."
Explore more quotes by Joseph E. Stiglitz
"I grew up in a family in which political issues were often discussed, and debated intensely."
"As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns."
"I went to public schools, and while Gary was, like most American cities, racially segregated, it was at least socially integrated - a cross section of children from families of all walks of life."
"There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists."
"If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?"
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
"But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs."
"In debate, one randomly was assigned to one side or the other. This had at least one virtue - it made one see that there was more than one side to these complex issues."
"I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights."
"I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard."
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